Millette should be fired for the story.
in response to
by
HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Columnist Thinks Ring of Fire will take decades to start!!
from the article by Rick Millette:
"The discovery at Victor was made in 1987 by a Lakehead University geology student. Construction started in 2006.The first diamonds came out of the ground in 2007.
The Musselwhite gold mine is 275 kilometers to the west of the Ring and is also dependent on winter roads and an airstrip. The first traces of gold there were found in 1962. It took until 1986 for drilling results to warrant a mine, which didn’t produce gold until 1997.
Twenty years from discovering Victor to the first diamonds. Thirtyfive years from the first sight of gold at Musselwhite to the first golden brick being poured. At the Ring of Fire, we are only seven years in from when the rich drill results of Noront and other companies created the scenario for actual mining and we have only scratched the surface of the barriers to overcome."
When you read his "crap" above.....you are led to believe ...in 1986..they justified a mine due to lots of stuff that could be economically mined...... It took a tough 11 years of sweat and tears and labour to build the mine.
The truth is below....
1996 The Musselwhite Joint Venture partners decide to put the property into production, and construction begins immediately following completion of a feasibility study....and the mine enters commercial production on 1 April 1997
http://www.geologyontario.mndmf.gov.on.ca/gosportal/gos?command=mndmsearchdetails:mdi&uuid=MDI53B09SW00007
Exploration History
| 1960 Harold and Alan Musselwhite prospect the region. 1973 The Musselwhite Prospecting Grubstake is initiated 1973 to 1984 Several exploration campaigns are carried out. 1983 The Musselwhite Joint Venture is formed. 1985 to 1986 Surface drilling confirms a discovery with economic potential has been made. 1986 to 1987 A prefeasibility study is completed. 1988 to 1989 An underground exploration program is completed. The three remaining partners, Placer Dome (43%), Inco Gold (32%) and Corona (25%), initiate a full feasibility study. The economics do not justify developing the mine. 1992 to 1993 A drilling program focuses on the OP and PQ mineralized zones. 1993 Placer Dome purchases the 25% share of Musselwhite acquired by Homestake Mining Co. through the latter's merger with Corona. 1994 An underground program begins on the T-Antiform structure. The PQ zone is explored by surface diamond drilling. 1994 ? 1995 Sinking of exploration shaft commences. 1995 All-weather road connection to north road is completed. Portal excavation commences. 1996 The Musselwhite Joint Venture partners decide to put the property into production, and construction begins immediately following completion of a feasibility study. Underground development of the T-Antiform deposit, and open pit mining of the OP zone, begin. 1997 The first gold bar is poured on 10 March 1997, and the mine enters commercial production on 1 April 1997. Production from the open pit is suspended in August 1997 (but resumes later in mine life on the Snoppy open pit). 2001 One million ounces are produced as of 7 November 2001. 2002 Underground crusher and conveyor are commissioned. 2002 to 2003 A merger of Kinross, TVX, and Echo Bay is proposed and completed. The new Kinross Gold Corporation acquires approximately 32% of the Musselwhite Mine. 2010: Producing mine 100% owned by Goldcorp. |
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